Since you mention you have a partner, setting up an operating agreement is key to defining roles, responsibilities, and profit splits to avoid conflicts down the road.A few key tips to protect yourself:✅ Use separate bank accounts and keep finances clean✅ Get the right insurance (general liability + builder’s risk)✅ Have a solid contract with contractors to avoid surprises✅ Always verify permits and city regulations to stay compliantI still strongly advise you to work with local professionals, I’m happy to point you in the right direction!

This was a local buyer.  

Most local banks and credit unions will have free accounts.You need two accounts: checking and savings. 

Do you attend any local meetups in your area?

RE is local.     4.  

Researching local job markets, schools, and even infrastructure projects can provide insight into potential appreciation and cash flow.You might want to explore markets in the Midwest or South, which often have lower entry points and better cash flow potential compared to California.

Local Real Estate Investor Associations (REIA's) also are a great place to network and find a mentor or someone to walk you through getting started.

Are there any local real estate meet-ups or community here that investors meet-up?

I am a local realtor and investor.

Join the chamber, maybe find a couple of boards to sit on, attend local sporting events and talk with people while you’re there.